Cost of Living Comparison Between New Providence and Medellin Cost of Living Comparison Between New Providence and Medellin

Monthly Cost of Living

A single person spends $1,799 per month in New Providence vs $1,031 in Medellin, rent included.

A couple spends around $4,611 per month in New Providence vs $1,599 in Medellin, rent included.

A family of three spends $7,423 per month in New Providence vs $2,167 in Medellin, rent included.

New Providence costs about 75% more than Medellin, driven mainly by Eating Out.

New Providence sits 35% above the global median, while Medellin is 23% below – they fall on opposite sides of the world average.

Meal at Budget Restaurant

$29.59 BSD 29.59

$6.16 COP 20.1K

380.36%

Three-Course Dinner for Two, Mid-Range

$121 BSD 121

$32.60 COP 106.1K

270.46%

Fast Food Meal (McDonalds, etc)

$9.63 BSD 9.63

$7.34 COP 23.9K

31.20%

Cappuccino

$6.33 BSD 6.33

$1.72 COP 5,600

268.02%

Coke/Pepsi/Fanta/Sprite (0.33 liter bottle)

$4.65 BSD 4.65

$1.05 COP 3,420

342.86%

Water (0.33 liter bottle)

$3.47 BSD 3.47

$0.77 COP 2,515

350.65%

Local Beer (0.5 liter draught)

$9.04 BSD 9.04

$1.69 COP 5,488

434.91%

Imported Beer (0.33 liter bottle)

$4.56 BSD 4.56

$3.17 COP 10.3K

43.85%

Milk (1 liter)

$3.01 BSD 3.01

$1.05 COP 3,423

186.67%

White Bread (500g)

$4.83 BSD 4.83

$1.30 COP 4,236

271.54%

Rice (white) (1kg)

$6.45 BSD 6.45

$1.40 COP 4,544

360.71%

Eggs

$6.64 BSD 6.64

$2.16 COP 7,047

207.41%

Local Cheese (1kg)

$13.69 BSD 13.69

$4.39 COP 14.3K

211.85%

Chicken Fillets (1kg)

$8.47 BSD 8.47

$5.88 COP 19.1K

44.05%

Beef Round Steak (1kg)

$13.24 BSD 13.24

$8.64 COP 28.1K

53.24%

Apples (1kg)

$2.89 BSD 2.89

$2.28 COP 7,426

26.75%

Banana (1kg)

$4.14 BSD 4.14

$1.11 COP 3,604

272.97%

Oranges (1kg)

$4.46 BSD 4.46

$1.53 COP 4,983

191.50%

Tomato (1kg)

$3.12 BSD 3.12

$1.35 COP 4,410

131.11%

Potato (1kg)

$3.17 BSD 3.17

$1.13 COP 3,674

180.53%

Onion (1kg)

$2.43 BSD 2.43

$1.13 COP 3,692

115.04%

Lettuce (1 head)

$2.62 BSD 2.62

$0.85 COP 2,753

208.24%

Water (1.5 liter bottle)

$2.43 BSD 2.43

$0.91 COP 2,975

167.03%

Cigarettes 20 Pack (Marlboro, Camel)

$12.13 BSD 12.13

$2.34 COP 7,630

418.38%

Wine (Bottle)

$24.63 BSD 24.63

$12.37 COP 40.3K

99.11%

Local Beer (0.5 liter bottle)

$3.40 BSD 3.40

$1.20 COP 3,909

183.33%

Imported Beer (0.33 liter bottle)

$3.94 BSD 3.94

$2.49 COP 8,104

58.23%

One-way Ticket (Public Transport)

$1.29 BSD 1.29

$0.84 COP 2,728

53.57%

Public Transport Monthly Pass (Regular Price)

$40.57 COP 132.1K

Taxi Start (Normal Tariff)

$1.42 COP 4,623

Taxi (Normal Tariff) (1km)

$1.92 COP 6,235

Taxi 1hour Waiting (Normal Tariff)

$59.5 BSD 59.5

$7.66 COP 24.9K

677.02%

Gasoline (1 liter)

$0.99 COP 3,223

Midsize Hatchback 1.4l (Volkswagen Golf, Toyota Prius, Honda Civic, etc)

$18.0K COP 58.7M

Compact Sedan 1.6l (Toyota Corolla, Mazda3, Kia K4, Hyundai Elantra, etc)

$26.6K COP 86.7M

Utilities for 2 People in 2-bedroom Apartment (Heating, Electricity, Gas, Water, Garbage) (85m2)

$80.8 COP 263.1K

SIM Card Monthly Plan (Calls and 10GB+ Data)

$40.55 BSD 40.55

$9.95 COP 32.4K

307.54%

Internet (50+ Mbps, Unlimited Data)

$100.0 BSD 100.0

$24.18 COP 78.7K

313.36%

Gym Membership (Monthly)

$74.7 BSD 74.7

$25.08 COP 81.7K

197.65%

Tennis Court (1 Hour on Weekend)

$19.15 COP 62.3K

Cinema Ticket

$15.28 BSD 15.28

$3.98 COP 13.0K

283.92%

Preschool or Kindergarten, Full Day, Private, 1 Child (Monthly)

$305 COP 993.5K

International Primary School, 1 Child (Yearly)

$6,059 COP 19.7M

Jeans (Levis 501 Or Similar)

$58.1 COP 189.2K

Summer Dress (H&M, Zara, etc)

$32.20 COP 104.8K

Sport Shoes (Adidas, Nike)

$101 COP 327.9K

Men's Leather Business Shoes

$108 COP 350.8K

1-bedroom Apartment, City Center (Monthly)

$1,482 BSD 1,482

$477 COP 1.6M

210.85%

1-bedroom Apartment, Outside City Center (Monthly)

$694 BSD 694

$376 COP 1.2M

84.38%

3-bedroom Apartment, City Center (Monthly)

$845 COP 2.7M

3-bedroom Apartment, Outside City Center (Monthly)

$4,587 BSD 4,587

$730 COP 2.4M

527.98%

Buy Apartment in City Center (m2)

$3,215 COP 10.5M

Buy Apartment Outside City Center (m2)

$1,372 COP 4.5M

Average Monthly Net Salary (After Tax)

$617 COP 2.0M

20-Year Fixed Mortgage Interest Rate (Annual %)

13.43

CityCost data is based on AI and user input – minor inaccuracies may occur.

Last update for New Providence: July 11, 2026

Last update for Medellin: July 12, 2026

Cost Breakdown

A central one-bedroom costs $1,482 in New Providence versus $477 in Medellin. Rent is usually the largest line item in a monthly budget, so the gap here sets the tone for the overall comparison.

A mid-range dinner for two costs $121 in New Providence versus $33.00 in Medellin. Monthly groceries follow the same trend: $455 vs $193 – making Medellin the more affordable choice for daily food spending.

City Median Internet Speeds Comparison (Updated April 2026)

The chart highlights the Precision Threshold for mobile and fixed broadband internet speeds, updated quarterly.

Digital Nomad Cost of Living Index

New Providence vs Medellin: Cost of Living - Frequently Asked Questions

Yes – New Providence is pricier by about 75%, and the gap shows up most in Eating Out. It's not just housing either; the difference applies across most spending categories.

For a comfortable life, plan on about $2,698 per month in New Providence and $1,546 in Medellin. That covers rent, food, utilities, transport, and enough left over to feel settled – not just surviving.

Rent is clearly cheaper in Medellin, especially for central apartments. Housing is actually the single biggest factor behind the overall cost gap between these two cities.

Groceries cost about 136% more in New Providence, though it depends on what you buy. Local produce may be comparable; imported and premium items show the biggest price gap.

A mid-range dinner for two costs $121 in New Providence and $33.00 in Medellin. That's a good indicator of the overall restaurant and café pricing gap between the two cities.

A $1,500 monthly budget goes further in Medellin, where all-in costs run around $1,031, than in New Providence at $1,799. In Medellin it covers expenses comfortably, while in New Providence it requires careful planning or may not stretch far enough.

Families tend to lean toward Medellin – lower housing and cheaper childcare make a real difference, especially on a single income or when paying for private education.

If budget matters most, go with Medellin. If higher salaries, better infrastructure, or specific career opportunities are the priority, New Providence makes more sense. Both are solid long-term options with distinct trade-offs.